IRS Issues Tax Relief for Victims of Alabama Storms

On Monday, March 11, 2019, the IRS announced a tax relief to aid recent victims of the tornadoes and severe storms that tore through Alabama earlier this month. The storms, which produced more than three dozen tornadoes and left a path of destruction nearly 70 miles wide, resulted in FEMA designating many areas as qualified…

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Aprio Relaunches HPC as Aprio Cloud

Aprio Cloud to provide businesses with real-time financial insights and personalized advice Contact: Kayla Harris 770-845-8515 or kayla.harris@aprio.com ATLANTA- Jan. 30, 2019 – Aprio, LLP, a full-service, CPA-led business advisory firm, today announced that it completed its acquisition of HPC on Oct. 1, 2018 and is relaunching HPC as Aprio Cloud.  Aprio Cloud combines the…

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Washington Finds that ATM Processor’s Service Revenue Sourced to ATM Location for B&O Tax

For apportionment purposes, applying market-based souring rules to service revenues is complicated because it is based on the facts and circumstances of each transaction. Over the past several years, many states have moved from the cost-of-performance method of apportioning service revenues to the market-based approach.  A number of those states have provided specific guidance on…

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Utah Rules That Contractor’s Purchase of Freeway Signage Subject to Sales Tax

For real property contractors, one of the most difficult issues to analyze is if tangible personal property used in the project becomes real property, which ultimately determines each party’s sales tax compliance obligations. By Tina M. Chunn, SALT Senior Manager In most states, real property contractors are considered the end-users of the tangible personal property (“TPP”)…

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Utah Supreme Court Upholds Taxpayer’s Transfer Pricing in Related-Party Transaction

States may have the authority to adjust related-party payments, but only after determining that the transactions are not at arm’s length under federal transfer pricing principles. Transfer pricing issues don’t just arise in international transactions; they arise across state lines as well.  Transfer pricing rules give taxing jurisdictions the ability to claw back transactions with…

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